NBIS vs DELL Stock Comparison: AI Score, Valuation, Performance and Upside
Nebius is a pure-play AI cloud operator valued on growth and future compute demand, while Dell is a diversified hardware company where AI server sales are a fast-growing but still partial contributor to a much larger, lower-margin business. Nebius offers more direct, higher-beta exposure to the AI infrastructure buildout; Dell offers a steadier, more diversified way to participate in the same trend with legacy business as ballast. The right pick depends on whether an investor wants concentrated AI cloud growth or diversified AI-adjacent hardware exposure.
Use this comparison to weigh a high-growth, high-valuation AI cloud pure-play (Nebius) against a large, diversified hardware incumbent with a growing AI server business (Dell), rather than expecting the two to move on the same drivers.
DELL holds the edge across 4 of 5 key metrics in this comparison. DELL leads on both 1-year return (+208.00%) and forward P/E quality (17.51x vs -68.09x for NBIS), a relatively favorable combination of momentum and valuation. On fundamentals, NBIS is growing revenue faster (454.00%), while DELL maintains the higher operating margin (8.86%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for NBIS (+40.47%) than for DELL (+20.46%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want concentrated exposure to AI cloud compute demand rather than a mix of legacy hardware
- Are comfortable with elevated valuation multiples tied to sustained hypergrowth
- Believe GPU cloud capacity will remain supply-constrained for years
- Can tolerate significant share price volatility
- Prefer a diversified, cash-generative technology business with an AI growth kicker
- Want exposure to AI server demand without pure-play cloud valuation risk
- Value an established enterprise customer base and global distribution
- Are comfortable with lower overall growth in exchange for more balance sheet stability
| Metric | NBIS | DELL |
|---|---|---|
| AI scorei | 64.8 | 91.0 |
| AI ranki | #53 | #4 |
| Latest closei | $188.41 | $473.39 |
| 1M returni | -9.14% | -12.90% |
| 3M returni | +9.69% | +20.95% |
| 6M returni | +13.95% | +145.17% |
| 1Y returni | +49.73% | +208.00% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NBIS | DELL |
|---|---|---|
| 1Y ago | $14.97K (+49.7%) started 2025-10-15 | $31.29K (+212.9%) started 2025-10-16 |
| 5Y ago | $94.2K (+842.1%) started 2024-10-21 | $100.98K (+909.8%) started 2021-10-18 |
| 10Y ago | $94.2K (+842.1%) started 2024-10-21 | $418.1K (+4081.0%) started 2016-10-17 |
Hypothetical — past performance does not guarantee future results.
| Metric | NBIS | DELL |
|---|---|---|
| Market capi | $55.48B | $298.3B |
| Trailing P/Ei | N/A | 36.82 |
| Forward P/Ei | -68.09 | 17.51 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 41.95 | 2.21 |
| Analyst targeti | $286.69 | $556.13 |
| Target upsidei | +40.47% | +20.46% |
| Metric | NBIS | DELL |
|---|---|---|
| Revenue growthi | 454.00% | 87.50% |
| Earnings growthi | N/A | 282.50% |
| EPS growthi | N/A | +282.50% |
| FCF margini | -709.52% | +4.06% |
| Operating margini | -0.22% | 8.86% |
| Profit margini | 3.13% | 6.28% |
| ROIC proxyi | 0.60% | N/A |
| Return on equityi | 0.60% | N/A |
| Dividend yieldi | N/A | 0.55% |
| Payout ratioi | 0.00% | 13.43% |
| Dividend growth streaki | N/A | No increase yet |
| Betai | 1.43 | 1.40 |
| Debt/equityi | 98.60 | N/A |
| Current ratioi | 4.03 | 0.95 |
| Quick ratioi | 3.60 | 0.61 |
Over the past year, NBIS and DELL have moved weakly in the same direction (correlation of 0.32), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NBIS | DELL |
|---|---|---|---|
| 1Y | Growthi | +49.73% | +212.86% |
| CAGRi | +49.78% | +213.45% | |
| Volatilityi | 109.09% | 75.47% | |
| Sharpe ratioi | 0.86 | 1.82 | |
| Sortino ratioi | 1.41 | 3.41 | |
| Max drawdowni | 48.30% | 32.64% | |
| Current drawdowni | 34.28% | 19.55% | |
| Avg drawdowni | 19.71% | 11.52% | |
| Ulcer Indexi | 22.77% | 15.04% | |
| Max daily dropi | 17.01% | 11.27% | |
| Max wkly dropi | 32.06% | 19.22% | |
| 5Y | Growthi | +842.05% | +830.60% |
| CAGRi | +210.03% | +56.30% | |
| Volatilityi | 112.97% | 54.29% | |
| Sharpe ratioi | 1.52 | 1.01 | |
| Sortino ratioi | 2.53 | 1.65 | |
| Max drawdowni | 58.27% | 59.59% | |
| Current drawdowni | 34.28% | 19.55% | |
| Avg drawdowni | 19.54% | 20.12% | |
| Ulcer Indexi | 24.58% | 24.61% | |
| Max daily dropi | 37.44% | 18.99% | |
| Max wkly dropi | 32.06% | 23.19% | |
| 10Y | Growthi | +842.05% | +3753.22% |
| CAGRi | +210.03% | +44.09% | |
| Volatilityi | 112.97% | 45.70% | |
| Sharpe ratioi | 1.52 | 0.93 | |
| Sortino ratioi | 2.53 | 1.44 | |
| Max drawdowni | 58.27% | 59.59% | |
| Current drawdowni | 34.28% | 19.55% | |
| Avg drawdowni | 19.54% | 15.40% | |
| Ulcer Indexi | 24.58% | 20.87% | |
| Max daily dropi | 37.44% | 21.64% | |
| Max wkly dropi | 32.06% | 23.70% |
| Category | NBIS | DELL |
|---|---|---|
| Company | Nebius Group N.V. | Dell Technologies Inc. |
| Sector | Communication Services | Technology |
| Industry | Internet Content & Information | Computer Hardware |
| Core business | Nebius builds and operates vertically integrated GPU cloud infrastructure and data centers across Europe and North America for AI training and inference workloads. | Dell designs and sells servers, storage systems, PCs, and infrastructure solutions to enterprises, including AI-optimized servers built around leading GPU platforms. |
| Investor focus | Investors track AI cloud revenue growth, new hyperscaler and enterprise compute contracts, and the pace of data center capacity buildout relative to capital spend. | Investors focus on AI server backlog and shipments, margins in the infrastructure solutions group, and the health of the traditional PC and enterprise storage businesses. |
- Triple-digit percentage growth in AI cloud revenue as demand for GPU capacity outstrips supply
- Multi-billion-dollar, multi-year compute agreements with large AI labs and cloud partners
- Pure-play positioning in one of the fastest-growing segments of the AI infrastructure market
- Established enterprise relationships and global supply chain give it scale advantages in AI server delivery
- Diversified revenue across servers, storage, and client devices reduces single-segment risk
- Growing AI-optimized server backlog provides a visible growth driver alongside legacy hardware
- Valuation embeds years of hypergrowth, leaving little room for a demand slowdown
- Heavy ongoing capital expenditure required to keep expanding data center capacity
- Much smaller and less diversified revenue base than large established technology companies
- Traditional PC and storage segments carry lower growth and margin than the AI server business
- Server hardware is a lower-margin, more commoditized position in the AI value chain than cloud or chip providers
- Reliant on GPU supply from chip partners, which can create component and timing constraints
Compare more than two at a time
This page is a fixed writeup on NBIS and DELL. Our comparison engine is the interactive version: load up to five tickers, switch timeframes, and get the correlation, drawdown, and overlap analysis that a static page can't show.
Add three more names beside NBIS and DELL, mixing stocks and ETFs in the same table — useful when the real question is which of a whole peer group to own.
AI score, forward P/E, analyst target upside, operating margin, and revenue growth are scored head-to-head, with a running tally of which ticker leads on how many metrics.
Volatility, Sharpe and Sortino ratios, maximum, current, and average drawdown, Ulcer Index, and worst single-day and single-week drops across every timeframe.
Pairwise daily-return correlation for every combination, so you can see whether two holdings actually diversify each other or just move together.
A scatter plot of forward P/E against return on equity, plus drawdown and 30-day rolling volatility charts, to separate what is cheap from what is merely beaten down.
For ETFs, a top-holdings comparison that exposes hidden overlap between funds. Every comparison exports to CSV for your own spreadsheet work.
Two comparisons a week are free without an account. A 14-day trial removes the limit and adds AI price forecasts, stock rankings, saved watchlists, and the intrinsic value calculator — no credit card required.
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.
Full valuation workup with AI Score, Monte Carlo forecast, and bull/bear case — free preview, premium data from $3.99.